. >> if the deficit can only be resolved in increasing taxes and cutting expenses. what expenses would you cut? >> i don't believe we should cut across the board. we should cut strategically. s there -- there is fat, no question about it. i would start there. there is no question that this defense budget is bloated. i'm speaking -- i can tell you the mayors of the country want to see less spending on defense and more spending on bridges and roads and highways and schools. investments that will bear dwiveds down the line. i also said -- i'm a democrat and this does not fly with some democrats but you have to look at some entitlements. you can be for entilettlement reform and not want to turn health care into vouchers. i can tell you mayors have gotten the support of pension reform. there's a number of things we can do that don't decimate the safety net but do, you know, make the kinds of investments. a balanced approach is the only way to deal with deficits at the level and debt at the level that we have in the nation today. it is the only path forward. >> should pre